Lenovo Group further invests in cutting-edge technology

Lenovo Group Ltd is stepping up its push to invest in hard cutting-edge technologies such as robotics and chips, as part of its broader push to hone its technological prowess.

Song Chunyu, vice president of Lenovo Group and senior partner of Lenovo Capital & Incubator Group, said the world is undergoing a new round of technological revolution and industrial transformation, with technological innovation as the strongest driving force for economic upgrading, all accelerating the process of digital and intelligent transformation in various industries.

Amid the digital wave, technological innovation and industrial integration have brought three new investment opportunities: large computing, AI platform and original innovation, Song said.

Lenovo Capital & Incubator Group estimated that the demand for computing power in the world will continue to grow hundredfold in the next decade. Since its establishment in 2016, new computing has been a key investment direction. Currently, it has invested in new computing architectures, application-oriented chip design and end-to-end cloud collaboration, among other areas related to computing power.

In the smart chip and new computing exhibition area, as part of Lenovo's on-going innovation exhibition this week at its headquarters in Beijing, more than 10 chip enterprises invested by Lenovo showcased their latest technologies.

Cambricon Technology, for instance, showcased its latest AI chip.

As of now, Lenovo Capital & Incubator Group has invested in more than 200 startups. Fifteen of them have successfully launched IPOs, and more than 40 have become unicorns in related fields.

Yang Yuanqing, chairman and CEO of Lenovo Group, visited the robot exhibition area at the company's headquarters in Beijing.